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  #241  
Old 03-14-2017, 06:18 AM
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March 14, 2017
British Parliament Gives Theresa May Brexit Go Signal
British Prime Minister Theresa May is now preparing to jumpstart the actual Brexit process this coming last week of March after finally getting the approval from policymakers to begin two years’ worth of negotiations with the European Union. The British Parliament has finally passed the legislation which will enable the UK government to invoke the Lisbon Treaty’s Article 50, with the formal announcement for the Brexit expected to be announced before this month ends.
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  #242  
Old 03-21-2017, 06:08 AM
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March 21, 2017

Reshuffle of Chinaís Central Bank's Monetary Policy Committee

China has reshuffled its cabinet officials. Guo Shuqing has been appointed as China's banking regulator of the central bank's monetary policy committee. He was positioned as the chairman of the China Banking Regulatory Commission. On the other hand, Ding Xuedong replacing the Xiao Jie, was appointed as the finance minister who is the former deputy secretary-general of the committee.

The policy meeting is scheduled to gather every quarter of the year to talk about the current economic and policy concerns and have their suggestions. Although, the final decision of main primary currency rate and borrowing rates should be approved by the senior cabinet as well as the party leaders.
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  #243  
Old 03-25-2017, 12:21 PM
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جاء سعر الدولار اليوم ما بين 19.30 و 19.40 للشراء مع توقعات بتحرك الدولار فى السوق السوداء اليوم، وإختلف سعر الدولار خلال الأيام الماضية بشكل كبير وخاصة فى البنوك والتى شهدت إرتفاع لنسق أسعار العملة الأمريكية قابله إرتفاعات طفيفة فى السوق الموازية مع توقعات بإرتفاعات كبيرة مع عودة الإستيراد من جديد
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  #244  
Old 03-30-2017, 02:21 AM
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USD/CAD Technical Analysis: March 30, 2017

The commodity-linked pair is confined to a familiar range yesterday. The price was positioned in the middle points of 1.3400 and 1.3350 within the day.

The overnight recovery slowed down in the earlier trades as the spot attained the channelís upper limit.

The morning session triggered renewed bearish tone. The greenbacks dropped sharply near the lower limit eliminating its gains throughout the night. Sellers unsuccessfully move downwards and hovered in the range.

In the 4-hour chart, the spot was sandwiched in the 100 and 50-EMA during the first part of the day. Meanwhile, the 50-EMA drove higher, 100-EMA shifted down and the 200-EMA preserved a bullish pattern.

Resistance is at 1.3400, support holds 1.3330 mark.

The MAcd indicator stayed on its previous level, favoring strength for the buyers. The RSI oscillator descended.

As mentioned in the same timeframe, technicals confirm a downwards continuation to 1.3330.
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  #245  
Old 03-30-2017, 06:51 AM
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March 30, 2017

Asian Stocks Mix Up as Oil Maintains Gains, JPY Drops

Asian stocks started off on a mixed note as global equities stayed within its record highs as the Trump administration attempts to enliven its legislative agendas.On the other hand, the Japanese yen and crude oil prices were able to maintain its hold on the price surge last Wednesday. Oil prices traded within the $49.50 range as oil stockpiles increased minutely as compared to its initial projections. Meanwhile, Treasury yields plummeted as a reaction to the said surge last Wednesday.
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  #246  
Old 04-03-2017, 04:18 AM
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USD/CAD Technical Analysis: April 3, 2017

The U.S. dollar against the Canadian dollar, surged on morning session but this was reversed as the price was able to break towards the 1.33 mark and below. The pair is lastly seen to position a support level at 1.3264. A break lower than the said level indicates the continuation of downtrend from 1.3535 mark. The next level target will be at 1.3100. The Resistance sits atop of the 1.3414 level and a break lower than this psychological level completes the downtrend has been completed as it reached the 1.3264 level. In the next uptrend, this could drag the price towards the 1.3500 mark.

This is supported as the oil market strengthens as it pulls the price higher than the $50 handle. If the market was able to break beyond this area. It could reach as low as 1.3150 level at the bottom. On the other hand, if the market is seen to form supportive candle it possible for the price to reach the 1.34 handle along with the sell-off in the oil market.
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  #247  
Old 04-04-2017, 05:38 AM
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April 4, 2017

Brazil Trade Surplus Exceeded Expectations at $7.1B

The trade surplus for the month of March was recorded to reach $7.1 billion according to the government data of Brazil. It has exceeded the expected output with $6.8 billion surplus according to forecasted poll of Reuters. It was not that influenced even though the beef exports fell because of recent corruption scandal causing a non-permanent ban on imports of China and Hong Kong.

The aggregated exports reached $20.1 billion while imports figure was tallied to $12.9 billion. Beef exports declined by 6.1 percent while both poultry and pork exports increased up to 7 and 33.4 percent respectively in comparison with the statistics in the same month a year ago.
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  #248  
Old 04-05-2017, 01:22 AM
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USD/CAD Fundamental Analysis: April 5, 2017

The USD/CAD pair briefly made it towards 1.3400 points and even managed to surpass this region following a series of very dismal economic readings from the Canadian economy. However, the advancement of the Canadian dollar was almost immediately met with tremendous pressure from sellers, causing the CAD to retreat towards 1.3400 points. Analysts are now saying that unless the USD/CAD pair manages to surpass the large-scale selling at 1.3500 points, then the currency pair would be unable to make any significant progress as of now. But the pairís bulls have yet to reveal how they plan to handle this dilemma in the pair as the USD is expected to be more level in the next few days on the back of an increase in oil prices.

The 1.3500 region has proven to be very crucial for the USD/CAD pair since the currency pair has been unable to overcome this pair for several times in a row. The currency pair would have to have large-scale buys in order to push past through this region and reach 1.4000 points. As of the moment, the Canadian economy has been throwing up some fairly decent economic data, although the Canadian trade balance data had somewhat paled and could be a precursor to a dismal future for the countryís economy. The trade balance data was at a negative while the market was expecting a positive reading, and this basically means that the countryís imports and exports are most likely to suffer in the long run.

However, the increase in oil prices could possibly provide a short-term breather for the Canadian economy, and since the USD is expected to experience short-term consolidations, the USD/CAD pair would most likely follow this particular trend and consolidate within 1.3300-1.3500 points. However, the pair is still not strong enough to surpass 1.3500 in the near future.

For todayís session, there are no releases from the Canadian economy but the US will be releasing several economic readings, such as the ADP employment change data and the FOMC meeting minutes. The NY session could possibly be met by a significant amount of volatility and if the pairís price touches the 1.3500 range, then this could be a great opportunity for a stop loss.
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  #249  
Old 04-05-2017, 01:35 AM
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GBP/USD Fundamental Analysis: April 5, 2017

The GBP/USD pair continues to consolidate within the 1.2400-1.2500 region as the market is anticipating the release of the FOMC meeting minutes as well as other several important economic data which are all scheduled to be released today and later within the week. The market has previously been predicted to be generally very lackluster with little volatility levels due to several traders preparing themselves for the slew of economic data which will be released in the coming days.

The UK PMI data has just been released and since this has met initial market expectations, this has put a stopper to the dangerously high levels of selling which affected the GBP due to the disappointing economic data released last Monday. As of the moment, pound traders are teetering off the edge as the Brexit process has now officially commenced and since there are no clear expectations with regards to how the negotiations between the UK and EU officials are about to pan out, traders are uncertain whether to go short or long on the GBP/USD pair and is now waiting for the release of economic data today as this will be their basis for their trading decisions on the GBP/USD pair as well as to have an inkling with regards to the state of the economy.

The GBP/USD would most likely be bogged down by the uncertainties of the Brexit process, with UK citizens possibly cutting down on their spending habits as they prepare for the worst repercussions. Once everything clarifies, then it would enable a clearer analysis of Brexit as well as an accurate depiction of the UK economy. For today’s session, the UK PMI data will be released later and the US will also be releasing a slew of economic readings, such as the ADP Employment change data, the FOMC minutes, and the Manufacturing PMI data. These are all expected to induce volatility in the GBP/USD pair, with the pair possibly advancing towards 1.2600 points.
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  #250  
Old 04-05-2017, 01:43 AM
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EUR/USD Fundamental Analysis: April 5, 2017

The EUR/USD pair is still trading within a very limited range, although the pair’s bulls have somewhat managed to maintain its hold on the currency pair in spite of the pair’s inability to move in any definite direction for quite a while now. The pair’s bulls were initially expected to surrender its gains in order to enable the EUR to advance towards 1.0500 points at least prior to the FOMC meeting, but so far this has not yet occurred and it is possible that the minutes will be released with the EUR/USD pair still trapped within its current trading range.

The market was taken by surprise yesterday as Fed member Lacker tendered his resignation after admitting that he had leaked top-secret information with regards to the 2012 FOMC meeting to a certain financial institution. Lacker has also stated that the firm’s analysts had the said information but regardless of Lacker’s manipulation of the said statement, it remains clear that he has illegally leaked confidential information and subsequently resigned when the said scheme was revealed. The USD had surprisingly no reaction to to this particular news once it was released.

However, during today’s session, the USD backtracked across the board as the EUR/USD pair surged from 1.0650 points and traded very near its range highs of 1.0680 points. As of the moment, the market is now in a consolidating move as a lot of economic data are expected to be released later today. The ADP Employment Change data will be released today, which is an important piece of economic news since this is largely considered as a basis for the result of the NFP report. The US Manufacturing PMI data will also be released, followed by the FOMC minutes towards the close of the NY session. A volatility surge is expected prior to the release of the FOMC minutes and as such, traders are advised to tread very carefully with regards to trading with the EUR/USD pair. The pair’s bulls are most likely to dominate the pair and could enable the EUR/USD pair to inch higher during today’s series of sessions.
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  #251  
Old 04-05-2017, 02:05 AM
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EUR/USD Technical Analysis: April 5, 2017

The single European currency earned support from the upbeat figures of Eurozone’s Producer Price Index (PPI).

The bigger picture showed negative stance on Tuesday. The EUR sustained a neutral position in the morning. The major were trading in a tight channel within the middle points 1.0650 - 1.0675.

The downward pressure were fuelled up in the afternoon. Sellers struggled to break under the handle, however, they were unable to achieve it.

As the 4-hour chart delineated, the spot attempted to made a gap through the 200-EMA and hovered around it. At the same time, the 100 and 50-EMAs faced lower while 200-EMA is in the neutral seat.

Resistance came in at 1.0700 level, support is at 1.0650 mark

MACD histogram softened indicating a sell signal. The RSI trailed downwards confirming sellers’ strength.

The EURUSD pair contains a moderate bearish perspective. A move down from the 1.0650 region would trigger bearishness near 1.0600 range.
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  #252  
Old 04-05-2017, 02:55 AM
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GBP/USD Technical Analysis: April 5, 2017

The British pound whittled away its strength after the downbeat figures of PMI Construction of Britain. Moreover, the sterling attempted to made a reversal in the night as the sell-off took place last Monday.

On one side, the buyers send the price back through the 1.2500 region and the major tend to move towards renewed offers. The GBPUSD spent the day under the selling pressure in the course Asian mid-session.

The spot lose its legs throughout the night and move close to 1.2400 in the first part of the day. The downward pressure was short-lived enabling the major to recover few of its losses.

Given in the information from the 4-hour chart, the spot rebounded the 50-EMA lower in the Asian trades, it further tested the 100-EMA in the day. The 100-EMA cross over the 200-EMA and resumed an ascending trend. The 50-EMA drove down and the 200-day moving averages were neutral as indicated in the timeframe.

Resistance approached the 1.2500 area, support take control of 1.2400 region.

The MACD histogram slumped which signaled sluggish position for the buyers. RSI headed southwards, confirming an ongoing downtrend.

A move down from the 1.2400 level is the next most possible scenario.
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  #253  
Old 04-06-2017, 03:22 AM
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GBP/JPY Technical Analysis: April 6, 2017

The British pound against the Japanese yen broke in the upper channel during the Wednesday session which is a sign of consolidation. The market will most likely try to reach the 140 handle but there is a noise down below for a long-term pressure. A break lower than the 50% Fibonacci retracement level gives a bearish bias which would push the trend to fall towards the 134 handle. Overall the pair gives a choppy atmosphere and with trading activity moving fast. With the ongoing Brexit process, this would affect the trading for this pair.
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  #254  
Old 04-17-2017, 04:07 AM
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AUD/USD Technical Analysis: April 17, 2017

The Australian dollar against the U.S. dollar surged during the Friday session as there is a little rebound seen because of gold and its associated geopolitical risks. Moreover, the high value of the dollar as described by President Trump has worsened the situation that pulled the greenback down compared to a basket of currencies. On a bright side, there is still a chance for the price to break in the higher that the trading range on Wednesday last week, towards the 0.7750 and even higher. This would support the reversals of the pair.
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  #255  
Old 04-17-2017, 04:34 AM
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April 17, 2017

Turkish Lira Surges as Erdogan Win Rekindles Market Rally

The Turkish lira surged in value as Recep Tayyip Erdogan came out victorious in the Turkish Presidential elections, sparking renewed interest in the world’s most dismal emerging-market currency for 2017. The lira increased by over 2.5% to clock in at 3.6188 per dollar, the currency’s largest intraday gains since January 2017. The Turkish market is now expected to rally as an instantaneous reaction to this recent win from Erdogan and then step back later on to assess what this means for the country’s economic policies as well as relationships with allied nations such as US and the eurozone.
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